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Resolution 339
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Resolution 339
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7/8/2008 7:45:52 AM
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6/24/2008 1:20:50 PM
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<br /> . . , ') <br /> . <br /> < <br /> . <br /> The bonds shall be numbered serially from 1 upwards in chronological <br /> order of maturity dates and shall be in the following denomination(s): <br /> Serial Numbers Denomination <br /> 1. through 263 inclusive, $leae.aa <br /> 2. The village shall forthwith issue its Improvement <br /> Bonds of 1967, in the aggregate principal amount of $263,000, dated <br /> February 1, 1967, to bear interest as above set forth, payable <br /> August 1, 1967 and semiannually thereafter on February 1 and August <br /> 1 in each year, and to mature serially on February 1 in the years <br /> and amounts as follows: <br /> $13,000 in 1968, <br /> 20,000 in each of the years 1969 to 1978, an~ <br /> 25,000 in 1979 and 1980, all years inclusive, <br /> all bonds maturing in the years 1979 and 1980, being subject to <br /> redemption and prior payment at the option of the Village and in <br /> inverse numerical order on February 1, 1978 and any interest payment <br /> date thereafter at par and accrued interest. <br /> . <br /> 3. Bot~ princ~pal and interest shall be l~able at <br /> Amerlcan Natlonal B:e.nk And Trust Co. Of St. a: <br /> and the Village shall pay the reasonable charges of said bank for <br /> its services as paying agent. <br /> 4. The bonds, the interest coupons to be thereto <br /> attached and the Clerk's certificate on the reverse side thereof <br /> shall be in substantially the following form: <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> VILLAGE OF NEW BRIGHTON <br /> No. $1,000 <br /> IMPROVEMENT BOND OF 1967 <br /> KNOW ALL MEN BY THESE PRESENTS That the Village of New <br /> Brighton, Ramsey County, Minnesota, acknowledges itself to be indebt- <br /> ed and for value received hereby promises to pay to bearer the sum <br /> of ONE THOUSAND DOLLARS on the 1st day of February, 19 , and to pay <br /> interest thereon from the date hereof until the principal amount is <br /> paid at the rate of <br /> interest to maturity payable August 1, 1967 and semiannually ther~ <br /> after on the 1st day of February and the 1st day of August in each <br />
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